$USDG Surpasses $900M in DeFi Deposits, Solidifying Regulatory Stablecoin Traction

The Paxos-issued stablecoin $USDG has reached a significant milestone in decentralized finance (DeFi) deposits, hitting $929.2 million according to data cited by Crypto Briefing.

This figure represents roughly one-third of the circulating supply, which stands at approximately $3 billion.

$USDG's growth is attributed to its regulatory oversight under the Monetary Authority of Singapore (MAS), providing a compliance framework that appeals to institutional and retail users alike.

The stablecoin's on-chain expansion is part of a broader trend of regulated stablecoins gaining traction in decentralized applications, particularly in lending protocols, liquidity pools, and yield strategies.